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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1230245	Piper Jaffray Companies	PJC	Security Brokers, Dealers & Flotation Companies (6211)	300168701

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1538590	Scott R Larue	800 Nicollet Mall Minneapolis MN 55402	Co-Head Global Ib	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-08-11	3,609	$39.62	57,146	No	4	M	Direct
Common Stock	Disposition	2014-08-11	3,609	$53.62	53,537	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2014-08-11	3,609	$0.00	3,609	$39.62

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2008-02-22	2015-02-22	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	771	Indirect	By PJC Retirement Plan

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.40 to $53.84 inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote upon request by the SEC staff, the issuer or any shareholder of the issuer.
Based on a plan report dated August 11, 2014.
The option vested 100% on February 22, 2008.